The Brookhaven leader., 1887-10-13
The Charter of Incorpora.
ton of the Citizens Bank
of BroOkt0Uen, Miss.

sEcTIoSi. That z. D. Davis and p. n Oh
ma and such other persons as they may asso.s'l
with them, are hereby Incorporated and crss,.
body corporate un5er the name aud style !,
posed of such persons and their SUCCESSOR "a
hereby granted perpetual succession. ana I
such name may sue aud be sued, plead ana ~
implicated in all courts OF law and eauitv ~. se
by such name may contract and be contII,d M
with, may have and keep a common sesi tea
the same alter az pleasure, and SHAH hav.sm
powers incident TO such corporation or nsrsl
sary to carry on the business, and efTert -
object Of said cooperation. "e
SECTION 2. That the capital stock of 49,,
corporation, shall be (saO,OpO) Fifty thoDssua
dollars, which may be increased to two bnnd.na
and fifty tn thousand dollars, and the saI . sS.T ed
divided into shares of one hundred dolars a. ee
That said corporation may organize and 81
mence business as soon as the sum Of Twsn,.
FIVE thousand dollars has been subscribed =! ,
paid in, and the stock holders OF said corrs SUI
ton shall not he liable for the delft d
demands against said corporation except N VI
amount OF stock which may have been sub.
scribed by them respectively.
SEC. 3. That the said corporation Ia oran,.,
the following powers, VIZ: to do a general hsnL
ing business, TO buy aud sell exchange not.
bonds, bills. coupons, stocks, gold silver 49,
ion. coin. bank notes, and any All Kind WI u
commercial paper and evidences Of debt. to b1 VI
and sell state, county and town warrants a.!
other public securities; may discount bills, pot.s
or other evidences Of debt; may loan money az =
take deeds Of trusts or mortgages on real ar NJ.
sOnal property, or collateral security Of p ~.
kind or personal security; may borrow mons.
may receive deposits IN any sums and -
certificates OF deposit for such deposits ~
may allow interest on such deposits and sbs. ua
interest on loans made by said coporatin.'
SAID corporation may own all manner of persona,
property, and sell and dispose of the same =!
pleasure, and may own such real estate as ms a.
he necessary for the carrying on of its busip"s:
or which 1t may buy at any sale under deed =;
trust or mortgage, or decree or judgment y,
any court, or buy at tax sale, or take in nsv "
ment. or part payment, Of any debt due al
corporation, and may sell and dispose of "a nv
at pleasure. The principal place of b1sness
shall he in the town Of Brookaven Llncoin
county, Mississippi, and said corporation ma,
establish and maintain such branch ofices q,
agencies In any place 1t may deem expedIent
SECTION 4. That the stockholders OF said coz
poratiOn may make and adopt all needinI
bylaws, rules and regulations for the govern"
ment OF said corPOl alton and management M II,
business, may provide for the ele elton OF h,
Officers, members. agents. subscriptions To stocs
and the mode and manner OF issuance sale ana
transfer Of stock, and any and all other matters
and questions which Will. In their Judgment
promote the interest OF sad corporation
SECTION 5. That this charter take effect and h,
in force from and after its approval.